 |
Lock in savings now before June 1 rate increase! |
 |
| We
Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
The global electrical distributor announced two acquisitions during the quarter. The company acquired Tegro, a family-owned company based in Freudenberg, Germany, with one branch and €10 million in sales in 2010.
Rexel also entered a joint venture agreement with Beijing Zhongheng, a Chinese privately-owned company based in Beijing. Rexel will own a controlling stake of 65 percent in the joint venture, strengthening its presence in Northern China. Sales in 2010 for Beijing Zhongheng were €34 million.
In Europe (60 percent of group sales), sales were €1.8 billion (US$2.6 billion), up 10.3 percent over the same period a year ago. Organically, sales improved 6 percent.
Sales in North America (28 percent of group sales) increased 13.4 percent to €845.9 million (US$1.2 billion). Organic sales were up 10.4 percent. The U.S. environment remains challenging but showed signs of improvement, primarily in the industrial end market. Industrial also drove growth in Canada, aided by improvements in both residential and commercial construction.
In Asia-Pacific (9 percent of group sales), sales were €284.1 million (US$404.6 million), up 20.5 percent over first quarter of 2010. Organically, sales improved 8.1 percent.
Sales for other operating segments including corporate holdings increased 3.3 percent to €87.5 million (US$124.6 million), primarily a result of the 33.8 percent increase in sales in Latin America. Organically, sales for other operating segments increased 2.4 percent.
 |
 Download
the Top 40 Industrial List -FREE |
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
 Critical Profit Driversin Distribution Al Bates, Profit Planning Group, speaks frankly about the most important factors to driving profit. Watch now. iPad users: click here to view. |
 Economic Update:Behind the Moderation MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now. |
 7 Minutes With ...Bell Electrical Supply CEO Burt Schraga discusses the importance of building a strong culture in his organization. Watch now. |
More Audio and Video Features from MDM: |
Think About It: |
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article: What AmazonSupply.com Means for Independent Distributors $34.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
The State of E-Commerce and Catalogs in Distribution $44.95 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| Title | Company | Location |
|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
| Risk Manager | Border States Electric | Fargo ND |
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
| View ALL Wholesale Distribution Job Listings |
|
|
 |
|
|
|
 |
Leave a Comment